2023-09-18 19:52:23
Frankfurt/Main.
Ahead of the US Federal Reserve’s upcoming interest rate decision, the Dax started the new week weakly. The leading German index lost 1.05 percent to 15,727.12 points on Monday. After the European Central Bank’s indication of a pause on interest rates, investors are speculating whether the Fed will take a similar approach on Wednesday, said chief market analyst Jochen Stanzl of CMC Markets. But that is “more than uncertain,” although the market now only estimates a very small remaining probability of an interest rate increase. The MDax of medium-sized stocks fell by 1.47 percent to 26,915.10 points.
“No one is expecting an interest rate hike in September, but the key question regarding the potential interest rate pause remains unanswered,” wrote market observer Andreas Lipkow. Therefore, no investor is repositioning himself on a large scale before the US Federal Reserve meeting. In addition, there remains uncertainty as to when key interest rates on both sides of the Atlantic could fall again. The main negative factor for the stock markets in the coming months is “the likely long stay at high interest rates,” commented capital market strategist Jürgen Molnar from RoboMarkets. (dpa)
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